Form 4: Cintas Executive Chairman Scott Farmer Reports Routine Share Disposition for Tax Withholding

Cintas Executive Chairman Scott D. Farmer reported the disposition of 16,594 shares of common stock at $223.56 per share to cover tax obligations related to the vesting of restricted stock.

Summary

• Scott D. Farmer, Executive Chairman, Director, and 10% Owner of Cintas Corp (CTAS), reported a transaction on July 25, 2025.
• The transaction involved the disposition of 16,594 shares of Cintas Common Stock at a price of $223.56 per share.
• This disposition was made to satisfy tax withholding requirements upon the lapse of restrictions on previously granted restricted shares under the Cintas Corporation Equity Compensation Plan.
• Following this transaction, Mr. Farmer directly beneficially owns 1,846,606 shares of Common Stock.
• Indirect beneficial ownership includes 33,505,548 shares through a limited liability limited partnership, 20,656,552 shares through limited liability companies, 1,294,676 shares through trusts, 335,520 shares through a limited partnership, 18,304 shares by spouse, and 4,752 shares by ESOP.
• All reported share amounts have been adjusted to reflect a four-for-one stock split of the common stock completed on September 4, 2024.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax purposes, which is a neutral event and does not indicate a positive or negative sentiment towards the company's performance or outlook.

Positives

• The transaction represents the vesting of previously granted equity compensation, indicating that performance or time-based conditions were met.
• The Executive Chairman retains substantial direct and indirect beneficial ownership, aligning his interests with shareholders.

Negatives

• The disposition of shares, even for tax purposes, reduces the direct ownership stake of the Executive Chairman.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects an individual executive's equity compensation management.

Related Party Transactions

• Scott D. Farmer disclaims beneficial ownership of shares held indirectly through various entities (limited liability limited partnership, limited liability companies, trusts, limited partnership) except to the extent of any pecuniary interest therein.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction, not a discretionary sale based on company performance outlook.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction for tax withholding purposes related to vested equity compensation. It does not provide new information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transaction is a standard part of executive compensation and does not signal a change in management's confidence or a significant shift in the company's fundamentals.

Keywords

Cintas, CTAS, Insider Transaction, Form 4, Scott D. Farmer, Executive Compensation, Stock Ownership, Tax Withholding, Restricted Stock